Shares of Morgan Stanley Direct Lending Fund (NYSE:MSDL – Get Free Report) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $15.17.
Several brokerages recently weighed in on MSDL. UBS Group decreased their price objective on Morgan Stanley Direct Lending Fund from $16.25 to $15.50 and set a “neutral” rating for the company in a report on Tuesday, September 1st. Raymond James Financial set a $15.00 target price on shares of Morgan Stanley Direct Lending Fund in a research report on Thursday, October 22nd.
Check Out Our Latest Analysis on MSDL
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Rivernorth Capital Management LLC boosted its holdings in shares of Morgan Stanley Direct Lending Fund by 37.6% in the first quarter. Rivernorth Capital Management LLC now owns 1,052,351 shares of the company’s stock worth $14,691,000 after acquiring an additional 287,808 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Morgan Stanley Direct Lending Fund by 1.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 626,116 shares of the company’s stock valued at $8,534,000 after purchasing an additional 10,000 shares during the period. Caz Investments LP bought a new stake in shares of Morgan Stanley Direct Lending Fund during the 2nd quarter valued at $6,040,000. TT Capital Management LLC lifted its holdings in Morgan Stanley Direct Lending Fund by 19.7% during the 3rd quarter. TT Capital Management LLC now owns 411,059 shares of the company’s stock worth $5,603,000 after purchasing an additional 67,742 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in Morgan Stanley Direct Lending Fund by 9.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 315,801 shares of the company’s stock worth $4,775,000 after purchasing an additional 28,418 shares in the last quarter.
Morgan Stanley Direct Lending Fund Stock Performance
NYSE:MSDL opened at $13.88 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.71 and a quick ratio of 1.71. The business has a fifty day simple moving average of $14.19 and a two-hundred day simple moving average of $14.98. Morgan Stanley Direct Lending Fund has a 1 year low of $12.71 and a 1 year high of $17.91. The company has a market capitalization of $1.17 billion, a P/E ratio of 20.12 and a beta of 0.58.
Morgan Stanley Direct Lending Fund (NYSE:MSDL – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $88.77 million for the quarter, compared to analyst estimates of $89.99 million. Morgan Stanley Direct Lending Fund had a return on equity of 9.61% and a net margin of 15.97%. On average, analysts expect that Morgan Stanley Direct Lending Fund will post 1.81 earnings per share for the current year.
Morgan Stanley Direct Lending Fund Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Wednesday, September 30th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date was Wednesday, September 30th. Morgan Stanley Direct Lending Fund’s dividend payout ratio is presently 260.87%.
Morgan Stanley Direct Lending Fund Company Profile
Morgan Stanley Direct Lending Fund (NYSE: MSDL) is a business development company focused on providing financing to privately held, middle-market companies. The fund seeks to generate current income and, to a lesser extent, capital appreciation by investing primarily in senior secured loans and other debt investments.
MSDL generally targets established companies with strong market positions and invests across a range of industries. Its portfolio may include first-lien and unitranche loans, as well as selectively structured junior debt and equity investments.
Further Reading
- Five stocks we like better than Morgan Stanley Direct Lending Fund
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Receive News & Ratings for Morgan Stanley Direct Lending Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley Direct Lending Fund and related companies with MarketBeat.com's FREE daily email newsletter.
